Press Release 07/08/2012
The Public Administrations in the Basque Country registered a deficit of 2752 million euros in 2010
The deficit represents 4.2% of the GDP, 1.3 points less than last year
In 2010, the Public Administrations as a whole in the Basque Country (Basque Administrations and regionalised State and Social Security Administration) registered a deficit of 2752 million euros, in terms of national accountancy, which represents 4.2% of GDP, according to Eustat data.
Despite being negative, the balance improved 1.3 points with regards to last year's balance. The same tendency is apparent in neighbouring countries. This, in the State considered as a whole, deficit fell from 11.2% of the GDP in 2009 to 9.3% of the GDP in 2010 and in the EU-27 as a whole, deficit fell from 6.9% of the GDP in 2009 to 6.5% of the GDP in 2010.
The fall in the need for financing on the part of the Public Administrations in the Basque Country can be explained by the fact that non-financial resources grew at a greater rate that non-financial employment: thus, whilst resources grew by 7.6% in comparison with 2009, non-financial employment grew by 3.4%.
Amongst non-financial resources, attention should be drawn to the improvement over last year of those with a greater weight, that is, Taxes on production and importation that, representing 28.9% of the total, increased by 6.6%; revenue resulting from Taxes on income and property, representing 23.5% of the resources, whilst falling 3.2%, the rate was clearly lower than the 17.7% that it fell in 2009 and social security contributions, representing 32.6% of the resources, increased 2.1%.
In the non-finance employment section, social loans and payments, which represent 42.5% of employment, rose by 4.7% on 2009, rising from 17.0% GDP in 2009 to 17.5% in 2010. Another section of greatest weight within employment, the Remuneration of Salaried Workers and Average Consumption, whilst increasing approximately 2% with regards to 2009, registered the smallest year-on-year increase since 2000.
In terms of institutional analysis, on the State Administration presented a positive balance in 2010, amounting to 255 million euros. Within regionalised Social Security, the negative balance worsened, falling from 554 million euros in 2009 to 860 million in 2010, as non-financial employment rose at a greater rate than non-financial resources, that is, Social Security Contributions rose by 2.1% whilst Social Provisions rose by 5.2%.
With regard to the Basque Administrations, the need for finance stood at 2148 million in 2010, which was 3.3% of GDP, in contrast to the 3302 million euros in 2009, which was 5.1% of GDP.
The need for finance with the institutions as a whole fell: the negative balance of the Basque Government as a whole fell from 2545 million euros in 2009 to 1606 million in 2010; in the combined regional and municipal administration of Araba/Álava the need for finance fell from 174 million to 86 million euros in 2010; in Bizkaia as a whole, the negative balance fell from 208 million in 2009 to 137 million in 2010 and in Gipuzkoa as a whole, the negative balance fell from 376 million in 2009 to 319 million in 2010.
The participation of internal public demand in total internal demand of the Basque Country remains the same as in 2010, representing 20.8%.
The participation of expenditure within final consumption of the Public Administrations decreases slightly, passing from 22.6% of expenditure in final consumption of the Basque Country in 2009 to 22.2% in 2010.
On the other hand, the Gross Capital Investment of the Public Administrations within the economy of the Basque Country as a whole increased its weight, passing from 15,5% in 2009 to 16.1% in 2010. On an institutional level, 95.4% of investment corresponded to the Basque Administrations, whilst the remaining 4.6% corresponded to the regionalised Central Administration as a whole.
For further information:
Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tlf:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es
Contact: Clara Ramos Hernández
Tel:+34-945-01 75 97 Fax:+34-945-01 75 01
Further press releases on Public sector accounts
Databank on Public sector accounts